Author: NBTC
SubQuery, known for fast, flexible, and scalable Web3 infrastructure, has officially integrated with the Ontology blockchain. Through this strategic collaboration, Ontology and Subquery will offer advanced data indexing solutions to Ontology developers. We’re excited to partner with @SubQueryNetwork, empowering developers on Ontology with advanced data indexing! 🚀 This collaboration will streamline dApp development and help create seamless, target=”_blank”>https://t.co/1xwHH60I3M https://t.co/QOFYyU0AuE — Ontology #BUIDL4Web3 (@OntologyNetwork) October 24, 2024 This collaboration empowers Web3 developers to efficiently manage on-chain data and streamline decentralized application (dApp) development. Significantly, SubQuery’s indexing capabilities allow developers to focus on building innovative solutions, advancing the Web3 ecosystem. Ontology Network…
Investors looking for a possible bullish reversal in Bitcoin’s (BTC) price will have to wait longer, as an analyst is projecting further downside. According to Ali Martinez, Bitcoin’s historical behavior, when compared to the current price movement around the realized price-to-live ratio (RPL), signals a further drop below the $50,000 mark. He made this projection in an X post on September 7. It’s worth noting that the RPL ratio is used to identify potential price tops and bottoms. The metric considers Bitcoin’s realized price and liveliness, a measure of the movement of long-term versus short-term holders. The outcome is used…
James Fickel, the prominent founder of the Amaranth Foundation, is grappling with significant losses in his ETH/BTC long position as the pair plummets to levels not seen since April 2021. According to on-chain data, Fickel is facing an eye-watering loss of over 23,000 ETH, worth approximately $57.9 million, as the ETH/BTC rate tumbled to 0.03685. This marks a sharp downturn in the market, erasing nearly 57.88% of his portfolio value. James Fickel (@jamesfickel) is losing over 23K $ETH ($57.9M) on his ETH/BTC long position as the pair hits its lowest since April 2021!Notably, after the rate fell to 0.037 over…
Aptos Foundation has announced a partnership with Ignition AI Accelerator, an Nvidia-backed initiative aimed at accelerating the growth of artificial intelligence-focused startups in Asia. The collaboration brings together Aptos Foundation and the NVIDIA, Tribe, and Digital Industry Singapore-backed AI Ignition Accelerator to drive the next stage of AI growth in the Asia Pacific region. Eyeing AI startups in APAC According to an announcement shared on X, the partnership will leverage Aptos (APT)’s blockchain technology as well as funding support. These resources will be earmarked for startups accepted into the accelerator program. Meanwhile, Aptos Foundation expects to tap into Microsoft’s OpenAI…
Long times are expected for the approval of Italy’s financial maneuver, which includes the increase of taxation on crypto capital gains. The Ministry of Economy and Finance (MEF) has presented its final draft of the budget law for 2025 to Parliament, but this text has already raised several doubts. The approval process of Italy’s financial maneuver for the tax increase on crypto The timing The emendamenti The amendment to the increase of crypto taxes Italy: the probabilities of success of the financial maneuver for the increase of crypto taxes Elimination or modification The approval process of Italy’s financial maneuver for…
Blockchain technology is transforming every industry, unlocking more potential with new markets and regions. When talking about blockchain technology and its impact over eCommerce, the focus has been 100% on B2B payments. However, recently there has been a significant shift towards blockchain’s impact in B2C (business-to-consumer) and C2C (consumer-to-consumer) markets. Even though blockchain’s adoption and influence over these platforms is still progressing, one thing is clear – blockchain has the power to reach new heights for customers and sellers. The Evolution of E-commerce Platforms Due to the Covid 19 pandemic, many changes in people’s shopping habits happened artificially, replacing traditional…
Bitcoin ATMs are becoming increasingly common across the United States, but with their increasing presence comes a significant increase in cybercrime risks. These machines, which allow users to buy and sell cryptocurrencies, operate similarly to traditional cash ATMs with PINs and transaction fees. However, the high value and digital nature of cryptocurrencies make Bitcoin ATMs particularly attractive to hackers and cybercriminals. “These machines are particularly vulnerable to both physical and cyber threats, making them prime targets for hackers and thieves,” said Timothy Bates, a professor of cybersecurity in the University of Michigan’s College of Innovation and Technology. Bates noted that…
Ethereum founder Vitalik Buterin responded to concerns about ETH token sales by him and the Ethereum Foundation, which has repeatedly sold ETH for cash this year. On-chain analyses have frequently highlighted periodic ETH movements from the Ethereum Foundation. For example, on October 15, the foundation sold ETH valued at approximately $258,000. A week before that transaction, the foundation transferred ETH worth around $3.03 million to the Bitstamp exchange. According to on-chain analyst Lookonchain, the Ethereum Foundation has cashed out ETH valued at over $11 million since January. These sales worry market participants, particularly as they often coincide with ETH bull…
The LayerZero Foundation has officially closed the ZRO token claim period and started the process of reallocating unclaimed tokens. They’ve detailed the criteria for determining eligible wallets, how the reallocation will work, and the process for claiming additional tokens on their X account. The ZRO claim period has ended. Any unclaimed tokens are being reallocated to wallets that claimed before 9 AM PT today.Eligibility for reallocation:– Ineligible: Wallets that claimed ZRO but had no transactions after the Token Generation Event (TGE) will not receive any more… pic.twitter.com/rOBimR8Fx0 — LayerZero Foundation (@LayerZero_Fndn) September 20, 2024 How ZRO Tokens Will Be Reallocated…
The United States and Nigeria have formed a Bilateral Liaison Group to counter cryptocurrency-related crimes and illicit finance. An Oct. 23 announcement reaffirmed the United States’ dedication to working closely with Nigeria. The US Department of Justice pledged to support Nigeria in strengthening its capabilities for investigating and prosecuting cybercrimes. While the two nations have collaborated on other initiatives in the past, this effort explicitly targets crimes involving crypto, as both countries have seen substantial crypto adoption. Recent data from Chainalysis reveals Nigeria as the second-largest crypto adopter globally, making it a leader in digital finance across Sub-Saharan Africa. Meanwhile,…